The research views expressed herein are those of the author and do not necessarily represent the views of CME Group or its affiliates. All examples in this presentation are hypothetical ...

There is strong evidence of a negative cross-sectional relationship between realized skewness and future stock returns - stocks with negative skewness are compensated with high future returns for ...

While we often focus on the price of a futures market, the options market can tell us an entirely different, and equally important, story. CME Group’s CVOL Skew Ratio is a tool designed to help ...

Nearly all options markets exhibit some kind of natural skewness. Fed's tightening cycle has returned CHF to positive skewness. Weaker commodity prices are usually bad news for AUD and CAD, given that ...

Skew‐normal distributions extend the traditional normal model by incorporating a parameter that accounts for asymmetry, thereby providing a more flexible framework for modelling real‐world data.